ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – What’s Next?

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw strong trading volume on Monday . 194,362 shares were traded during mid-day trading, an increase of 161% from the previous session’s volume of 74,356 shares.The stock last traded at $68.5530 and had previously closed at $68.06.

ROBO Global Robotics & Automation ETF Stock Up 1.6%

The stock’s 50 day moving average is $66.83 and its two-hundred day moving average is $61.64. The company has a market capitalization of $1.24 billion, a PE ratio of 23.13 and a beta of 1.29.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ROBO. Crestwood Advisors Group LLC lifted its holdings in ROBO Global Robotics & Automation ETF by 11.0% during the first quarter. Crestwood Advisors Group LLC now owns 61,751 shares of the company’s stock worth $3,180,000 after buying an additional 6,144 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of ROBO Global Robotics & Automation ETF by 3.0% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 14,314 shares of the company’s stock worth $737,000 after acquiring an additional 416 shares in the last quarter. Wilson & Boucher Capital Management LLC purchased a new stake in shares of ROBO Global Robotics & Automation ETF during the 2nd quarter worth $226,000. Flow Traders U.S. LLC boosted its position in ROBO Global Robotics & Automation ETF by 30.3% during the first quarter. Flow Traders U.S. LLC now owns 103,421 shares of the company’s stock valued at $5,326,000 after purchasing an additional 24,055 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in ROBO Global Robotics & Automation ETF in the first quarter valued at about $29,000.

About ROBO Global Robotics & Automation ETF

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.